USDC Issuer Circle Files for IPO Amid Crypto-Friendly US Regulatory Shift

Quick Summary:

Circle, the issuer of the USDC stablecoin, has filed for an initial public offering (IPO), marking a major step toward becoming a publicly traded company.

Circle reported a significant increase in its revenue for 2024, with its total revenue reaching $1.68 billion, up from $1.45 billion in 2023.

The company’s partnership with exchanges like Coinbase, which has agreed to share revenue from USDC, further underscores the growing importance of stablecoins in the crypto ecosystem.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: Stablecoin use USDC issuer Stablecoin News Circle IPO 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 03:06:33 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 545 words

Reading Time: 4 minutes read

Sentences: 35 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27529099

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 26 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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